SHANGHAI, Dec 25 (SMM) – Social inventories of long steel (including wire rods and rebar) in Guangzhou rose this week for a fourth straight week, increasing 14.07% from a week ago to 805,200 mt as of Wednesday December 25, SMM data showed. The inventories were 21.16% higher than a year earlier.
For the same week, stocks of rebar gained 14.12% to 564,000 mt, up 44.54% year on year. Stocks of wire rods climbed 13.93% this week to 241,200 mt, 12.1% lower than the same period last year.
